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how long before we decide, object, the economy is improves? at the current rate we're going which is too slow, we'll be at two plus more years of unemployment rate at about 6.5%. what we really need to do is to create jobs. better jobs. this is where the minimum wage starts to come in. all the strikes we've been noticing. these are workers, especially fast food places that are demanding much higher wages than they're colonelly getting which is a start. >> we're talking about raising the minimum wage. nancy, rand paul, senator paul was in detroit today. and he laid out an economic strategy. some of which i like and some of which i think was problematic. one of the things he said he wanted to do was to lift the requirements of paying prevailing wage and paying a wage to construction workers that for union construction workers. he said i want to lift that burden from construction companies. we've been talking about raising the wage. do you think it is an i crease in prosperity? >> i think it could be if it creates jobs. as someone who had a recor
how long before we decide, object, the economy is improves? at the current rate we're going which is too slow, we'll be at two plus more years of unemployment rate at about 6.5%. what we really need to do is to create jobs. better jobs. this is where the minimum wage starts to come in. all the strikes we've been noticing. these are workers, especially fast food places that are demanding much higher wages than they're colonelly getting which is a start. >> we're talking about raising the...
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>> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budget which it is by any other term is the worst for the economy. it kills job growth. it kills investment. it is the poorest of economics. that's why we're not fully recovered. if congress would get out of the way, i think the economy would have fully recovered. >> i want to thank both of you for being here. the rest of you, i want to you stay engaged with us. to go facebook or twitter to weigh in on our fire back question. are you happy with the budget deal? right now 40% of you say yes. 60% of you say no. the debate will continue online at cnn.com/crossfire as well as facebook and twitter. from the left. i'm van joenls and i'm happy. >> from the right, i'm s.e. cupp and i'll wait to see. join us tomorrow for another edition of "crossfire." erin burnett "outfront" starts right now. >>> co
>> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budget which it is by any other term is the worst for the economy. it kills job growth. it kills investment. it is the poorest of economics. that's why we're not fully recovered. if congress would get out of the way, i...
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Dec 5, 2013
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economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for this is seeing a bigger boost in inventories, bigger buildup in inventorie inventories. you'll see consumer spending is weak. but if you remove inventories from the data, gdp third quarter actually would have come in at 1.9%. not necessarily that impressive. how far, the headline number's getting stronger. if you compare it to what we've seen this year, the first three months of the year, 1.1%, last quarter 2.5%, and also this number is certainly in line with stronger economic reports we've seen just this week from the car industry, and also housing and jobless claims as well. >> very encou
economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the...
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Dec 10, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> president obama and other presidents are on their way to the funeral for nelson mandela, the world is quickly preparing for what ma
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology...
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Dec 7, 2013
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." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay. >> we know there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty. >> the president has called for raising the minimum wage to $9 an hour. he also supports a bill in congress to raise it to $10.10 but fast foods workers say $15 an hour the living wage they need. the question, a living wage, who pies? could raising the minimum wage ultimately hurt the very worker rs it's meant to help? it's all in the eye of the beholder. f
." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a...
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the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the white house acknowledges that one of the big reasons, the big reason why it went down to 7% is because people newly unemployed were having an easier time finding a job. th
the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more...
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the economy is getting stronger. you're also going to be seeing these numbers long-term investors who are betting on the economy actually buying in, short term investors might be more concerned about what the fed is doing. i think overall as christine romans my colleague just mentioned, this does mean that there is a higher probability of the fed beginning to taper at some point in the near future, obviously you have the fed the last meeting of the year coming up in two weeks, so people are going to be asking themselves what will this mean for tapering. it's not just about the jobs numbers. you want to see consistency and other positive economic data. we have car numbers, we have jobless claims, new home sales as well, all of that coming in very positively. you need to see consistency and be sure in the next couple of months you don't see a reversal, seasonal workers added for the holiday season being losing their jobs in the next few months. we need to see consistently but this brings to light fed tapering. >> zain
the economy is getting stronger. you're also going to be seeing these numbers long-term investors who are betting on the economy actually buying in, short term investors might be more concerned about what the fed is doing. i think overall as christine romans my colleague just mentioned, this does mean that there is a higher probability of the fed beginning to taper at some point in the near future, obviously you have the fed the last meeting of the year coming up in two weeks, so people are...
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Dec 10, 2013
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do you think that boosts the economy? >> i think one of the biggest problems that we faced, certainly coming out of the worst recession of our lifetimes but it really predates that through all of the 2000s you had median family income. just the family right in the middle falling $2,000 over the course of what was supposed to be the boom and then the second blow to them was a terrible recession. so, the hollowing out of the middle class and the fact that ordinary people like the people on the segment or, you know, millions of people around the country not being able to keep up is a big mac roeconomic problem. more than just a microproblem facing their families. the fact that the number one biggest problem facing small business in the country by their own admission is that people can't afford to buy their products. i think we got to confront that. if we don't start rebuilding the income growth coming from the middle, we don't have a sustainable growth model. >> we'll talk solutions in just a moment here. but i want you to s
do you think that boosts the economy? >> i think one of the biggest problems that we faced, certainly coming out of the worst recession of our lifetimes but it really predates that through all of the 2000s you had median family income. just the family right in the middle falling $2,000 over the course of what was supposed to be the boom and then the second blow to them was a terrible recession. so, the hollowing out of the middle class and the fact that ordinary people like the people on...
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the economy is looking like not great but better. does he gather some new steam from this? >> i think it's one of the cases where the reality will matter. obviously the website is working better for consumers but we don't know how well it's working for working with the insurers getting these people who are trying to enroll. the administration said 1 out of 10 people signing up, there are errors in the forms that go to the insurance companies. that also needs to work out. there's been a lot of damage to the promise he made and broke that if you liked your plan, you could keep it. whatever explanation can be made, including senator reid's kind of perplexing one, i think that cost him a lot of credibility with americans. he needs to rebuild that. >> i want to move you to a different politician. and that is bill clinton who famously gave democrats cover, as we say, and said, well, i actually think he ought to let people keep their health care coverage. caused quite the stir. he did an interview with our juan carlos lopez and talked about that moment when he said, i think the pr
the economy is looking like not great but better. does he gather some new steam from this? >> i think it's one of the cases where the reality will matter. obviously the website is working better for consumers but we don't know how well it's working for working with the insurers getting these people who are trying to enroll. the administration said 1 out of 10 people signing up, there are errors in the forms that go to the insurance companies. that also needs to work out. there's been a...
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the economy was not great. when he came to this country, he gave a lot of people hope that thing could be better. that after 27 years, spending 27 years in prison, for him to come out of prison and not be bitter and do something positive, i think gave many people in america and across the world hope. i think that's what you have to do. you have to mention that word when you mention nelson mandel. a i'm sure you recognize the apollo theater. when he visited new york and harlem in 1990 and the marquis that, welcome home, mr. and mrs. mandela. we love you. we love you. we love you. that's because mr. mandela felt like he had a kinship with new york, friends here burg especially harlem. when many africans come to america for the first time, they come and live here in harlem. now the marquis says in memory of nelson mandela. he changed our world. i was going back over that visit in 1990 when he got off the plane. they said he was tired. they were worried about his health back then. he was 72 years old. the first thi
the economy was not great. when he came to this country, he gave a lot of people hope that thing could be better. that after 27 years, spending 27 years in prison, for him to come out of prison and not be bitter and do something positive, i think gave many people in america and across the world hope. i think that's what you have to do. you have to mention that word when you mention nelson mandel. a i'm sure you recognize the apollo theater. when he visited new york and harlem in 1990 and the...
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economy is getting stronger and traders want in on that. i have been downstairs talking to traders all day. here's what they're telling me. they are telling me they finally accepted the fact that tapering is inevitable, they know it will happen, but don't expect it will happen for a good few months. here's why. yes, we got a strong jobs report. however, consumer spending is still problematic. they don't expect fourth quarter gdp to be particularly strong and they don't expect tapering to really begin until budget negotiations are firmly in the rear view mirror. they want to see certainty on capitol hill, of course. but also, they want to see consistency. you know, it's fine if you have one or two months of 200,000 job gains but you want to see consistency. i think the main focus for everyone downstairs was the unemployment rate. that coming as low as 7%, the fed has said they want to see it at 6.5%. it's going to be interesting to see whether the rally continues or whether we will start to see profit taking in the next couple weeks. >> zain
economy is getting stronger and traders want in on that. i have been downstairs talking to traders all day. here's what they're telling me. they are telling me they finally accepted the fact that tapering is inevitable, they know it will happen, but don't expect it will happen for a good few months. here's why. yes, we got a strong jobs report. however, consumer spending is still problematic. they don't expect fourth quarter gdp to be particularly strong and they don't expect tapering to really...
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. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. austin, let me start
. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs...
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. >> public perception of the economy may not have quite caught up. only a quarter of people polled said they believe the economy is getting better. deb? >> alexandra, thanks so much. >> in south africa, ten days of mourning under way for the man many called madiba. also, the nsa, what might they have been peeking into any time? here's a hint it, could have just been in your pocket. that's coming up. we're aig. and we're here. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 bil
. >> public perception of the economy may not have quite caught up. only a quarter of people polled said they believe the economy is getting better. deb? >> alexandra, thanks so much. >> in south africa, ten days of mourning under way for the man many called madiba. also, the nsa, what might they have been peeking into any time? here's a hint it, could have just been in your pocket. that's coming up. we're aig. and we're here. to help secure retirements and protect financial...
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economy is heating up. according to the latest jobs report, 203,000 people found work in november, and the unemployment rate dropped sharply to 7%, the lowest level in five years. add to that the fact that the economy grew at a rate of 3.6% in the third quarter, faster than initially thought, and it's no wonder the white house wants more. >> no one who works on these issues in the administration is satisfied. >> reporter: but analysts warn this warming trend is leaving too many americans out in the cold. >> if you're wealthy, you're feeling it but if you're in the middle or on the lower end of the economic spectrum, you really aren't. >> reporter: just look at the numbers. while the economy has recovered millions of lost jobs since the great recession, nearly six in ten americans say things are still going badly in the country. that's because in this recovery, there are two americas. wall street is booming, ending the week on a strong note. even as fast food workers were marching in the streets for higher w
economy is heating up. according to the latest jobs report, 203,000 people found work in november, and the unemployment rate dropped sharply to 7%, the lowest level in five years. add to that the fact that the economy grew at a rate of 3.6% in the third quarter, faster than initially thought, and it's no wonder the white house wants more. >> no one who works on these issues in the administration is satisfied. >> reporter: but analysts warn this warming trend is leaving too many...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ by the end of december, we'll be delivering ♪ ♪ through 12 blizzards blowing ♪ 8 front yards blinding ♪ 6 snowballs flying ♪ 5 packages addressed by toddlers ♪ ♪ that's a q ♪ 4 lightning bolts ♪ 3 creepy gnomes ♪ 2 angry geese ♪ and a giant blow-up snowman ♪ that kind of freaks me out [ beep ] [ female announcer ] no one delivers the holidays like the u.s. postal service. priority mail flat rate is more reliable than ever. and with improved tracking up to 11 scans, you can even watch us get it there. ♪ so when coverage really counts, count on nationwide insurance. because what's precious to you is precious to us. ♪ love, love is strange just another way we put members first. because we do
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ by the end of december, we'll be delivering ♪ ♪ through 12 blizzards blowing ♪ 8 front yards blinding ♪ 6 snowballs flying ♪ 5 packages...
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only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> some say president obama who revved up a democratic crowd today that called for lifting up the poor and raising the minimum wage, jim acosta watched it today. >> just as the president is trying to fiction the obama care brand, he is working on the obama brand. it is not just obama care. >>> president obama was on a mission to fire up his base. >> he laid out a decidedly progressive second term agenda. calling for a raise in the money mum wage from $7.25 to $10 an hour. he casted republicans as a scrouge if they stand in the way. >> it will happen if congress does not act before they leave on their holiday vacation. >> sources leaked out new enrollment numbers, some $29,000 signing up in the first two days in december. republicans argue that's not fast enough to enroll the millions of americans who have seen their policies cancel. >> what will these patients and families do when they show up at the hospital or need to reorder a life saving prescription on new year's day
only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> some say president obama who revved up a democratic crowd today that called for lifting up the poor and raising the minimum wage, jim acosta watched it today. >> just as the president is trying to fiction the obama care brand, he is working on the obama brand. it is not just obama care. >>> president obama was on a mission to fire up his base. >> he laid out a decidedly progressive...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who compare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses. talk to your cvs pharmacist, call, or go to cvs.com/compare to get your free, personalized plan comparison today. call, go online, or visit your local store today. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child,
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who compare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses. talk to your cvs pharmacist, call, or go to cvs.com/compare to get your free, personalized plan comparison...
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the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full wrap up on his program as well. >>> in the meantime, what a story. his wife as blujenned to death in the home right in front of his three-year-old son. and he was made the only suspect in the case. he was convicted and sentenced to a life in prison. here is the worst part. he did not do it. dna evidence exonerated him. and he and his attorney is going to join me live to talk about this, coming up next. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know,
the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full...
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they've been stimulating the economy since 2008. and we're talking trillions of dollars. and people are wondering when are they going to start pulling back ton the stimulus? but a lot hangs on these job growth numbers. >> the 401(k) is in great shape right now. it's been a good year. >> yes, it has. >> just ahead, of course, the big story of the day, the man, the legend and myth. we're going to look back at nelson mandela's life and talk about his revolution. and maybe a couple of things that might really surprise you about a man you think you know a lot about. ♪ [ male announcer ] alka-seltzer plus presents the cold truth. [ sniffles, coughs ] shhhh! shhhh. [ coughs ] i have a cold with this annoying runny nose. [ sniffles ] i better take something. [ male announcer ] truth is, dayquil cold and flu doesn't treat all that. it doesn't? [ male announcer ] nope. [ sniffles ] alka-seltzer plus fights your worst cold symptoms plus has a fast acting antihistamine to relieve your runny nose. oh, what a relief it is! [ man ] shhhh! for fa
they've been stimulating the economy since 2008. and we're talking trillions of dollars. and people are wondering when are they going to start pulling back ton the stimulus? but a lot hangs on these job growth numbers. >> the 401(k) is in great shape right now. it's been a good year. >> yes, it has. >> just ahead, of course, the big story of the day, the man, the legend and myth. we're going to look back at nelson mandela's life and talk about his revolution. and maybe a...
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remission is possible. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ [ male announcer ] laura's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. you wouldn't know it from the look in the northeast today. gray clouds hanging over capitol hill, here in washington, federal offices in washington are closed. d.c. and baltimore under pd winter weather advisories which could mean 1 to 3 inches of snow before the end of the day. areas in pennsylvania will get a little bit more. philadelphia and wilmington, del care, under a winter storm warning. that means about a half a foot of snow. philadelphia's international airport is seeing flight delays. some delays topping four hours. for more on the weather we have our meteorologist chad meyers standing by at the cnn severe weather center. chris lawrence is over on the national mall
remission is possible. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ [ male announcer ] laura's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. you wouldn't know it from the look in the northeast today. gray clouds hanging over...
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. >>> next, how to understand the booming american economy. i'll ask the man who presided over great growth and some critics charge also helped create many bubbles. former fed chair, alan greenspan. >>> and as we approach the first anniversary of the new town massacre, what can the u.s. learn from other nations about gun policy. i'll take you to japan for a fascinating look at a nation that loves violent video games but has a gun death rate that is very different from america's. it's a preview of a gps special airing tonight at 7:00 p.m. eastern. >>> but first, here's my take. when nelson mandela was released from prison in 1990, i remember being struck by how old-fashioned he seemed. he spoke with the language cadence and manners from the 1930s, 40s and 1950s. he reminded me of the great national leaders of the post colonial world who led their countries to freedom. he had the same way of speaking and dressing, the same dignity and bearing, the same sense of history. and mandela was a throw back to an early time. who changed the course of his
. >>> next, how to understand the booming american economy. i'll ask the man who presided over great growth and some critics charge also helped create many bubbles. former fed chair, alan greenspan. >>> and as we approach the first anniversary of the new town massacre, what can the u.s. learn from other nations about gun policy. i'll take you to japan for a fascinating look at a nation that loves violent video games but has a gun death rate that is very different from...
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economists had hoped a number of improvements we're seeing in the economy, including rebounding home sales and car sales, the hope is that would build momentum to a stronger holiday shopping season. here's what's happening. some of the spending that consumers did on the big-ticket items, that may have cut into holiday budgets so it winds up being a double-edged sword. also a lot of the upper-income american whose are invested in the money, they have the money, and the lower-income ones, the benefits aren't making the awards from the stock prices going up and up. >> good explanation. thanks very much. how about getting the cyber monday purchases delivered by drones? it's an idea that is apparently not so far fetched. we'll tell you why. that's next. >>> plus, one of tv's hottest shows, but did you know "scandal's" olivia pope is based on a real person. tonight, piers morgan sits down with judy smith, the woman with all of the secrets to crisis control. 9:00 p.m. only on cnn. for years, jim's medicine tied him to a monthly trip to the clinic to get his blood tested. but now, with once-
economists had hoped a number of improvements we're seeing in the economy, including rebounding home sales and car sales, the hope is that would build momentum to a stronger holiday shopping season. here's what's happening. some of the spending that consumers did on the big-ticket items, that may have cut into holiday budgets so it winds up being a double-edged sword. also a lot of the upper-income american whose are invested in the money, they have the money, and the lower-income ones, the...
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so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did storie
so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an...
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he says the federal deficit is under control and doesn't present a serious threat to the economy but he says the gap between the rich and the poor is a different story. the president making a plea to raise the minimum wage to more than $10 and an extension of unemployment benefits. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off ian are still living at or barely above poverty. and that is why it's well past the time to raise a minimum wage that in real terms right now is below where it was when harry truman was in office. >> republican leaders took issue with the president's approach. house speaker john boehner suggesting mr. obama's policy created the very problems he described. >>> another government shutdown looming next month they are trying to hammer out a budget deal now. republicans and democrats are said to be 100 billion apart with that gap narrowing. republican congressman paul ryan and de
he says the federal deficit is under control and doesn't present a serious threat to the economy but he says the gap between the rich and the poor is a different story. the president making a plea to raise the minimum wage to more than $10 and an extension of unemployment benefits. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople...
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harvard has a higher rate. >> reporter: the economy may not have caught up. in a recent cnn/orc poll only a quarter of the people polled believed the economy was getting better. deb? >> good news, but certainly reason to be cautious. alexandra field, thank you. >>> well, could your job one day be filled by a traveling robot? several big companies are right now working on their robot armies. one of them may even pull up to your house one day in a car that needs no driver. what is tech's next big thing? that is just ahead. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. with 10 standard airbags and an epa-estimated 38 mpg highway, you guys a
harvard has a higher rate. >> reporter: the economy may not have caught up. in a recent cnn/orc poll only a quarter of the people polled believed the economy was getting better. deb? >> good news, but certainly reason to be cautious. alexandra field, thank you. >>> well, could your job one day be filled by a traveling robot? several big companies are right now working on their robot armies. one of them may even pull up to your house one day in a car that needs no driver....
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you can see some economic success stories and south africa has the opportunity to be the economy that is the engine of south africa and i think if they follow the example of mandela and remember in politics, it matters a lot what your recent history, what your institutions are, what examples you choose to live up to. all of the people here have got the most amazing icon for their future politicians to try and live up to. whether they win or not is a matter for them. it does matter. like british politics. when you have massive figures like winston churchill that have sat in the chair you now sit in, it doesn't mean sadly you're like them but it does mean that you've got heroes to try and live up to, the people of south africa, indeed, all of africa in mandela have a circle i think is looking down at them in the future and they will be looking up to him and hopefully, emulating and treasuring his memory. >> thank you. cameron a young man very moved by the mandela experience. >> absolutely. he mentioned the queen and their relationship. there was sort of a charming relationship between m
you can see some economic success stories and south africa has the opportunity to be the economy that is the engine of south africa and i think if they follow the example of mandela and remember in politics, it matters a lot what your recent history, what your institutions are, what examples you choose to live up to. all of the people here have got the most amazing icon for their future politicians to try and live up to. whether they win or not is a matter for them. it does matter. like british...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> obama care back from the dead? >> you've got good ideas? bring them to me. let's go. but we're not repealing it as long as i'm pr
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses every day we're working to and to keep our commitments. and we've made a big commitment to america. bp...
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> welcome back to "the lead." i'm jake tapper. our money lead, is the woman who will be leading general motors, mary barra. she will be making the leap from executive vice president to ceo in january. she will also be shattering a glass ceiling that has loomed over detroit for decades. she will be the first woman to lead a major u.s. automaker. the big three boys club no more. barra grew up with g.m. her father was a tool and die maker for the company and her career there began when she was 18. she's taking over at a decent time. the government has sold its last stake in the company, so there's no more of that bailout baggage. j.d. power gave g.m. a top ranking in quality this yea
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> welcome back to "the lead." i'm jake tapper. our money lead, is the woman who will...
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only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> welcome back to "the lead." i'm jake tapper. now turning to the national lead. it's kind of like the matrix except the agents are with the nsa and british intelligence and their targets are terror suspects. we learned today that government spies have reportedly been infiltrating the virtual worlds of online video games like "world of war craft" and "second life" to try and recruit informants and stop terror attacks before they happen. that's according to documents leaked by former nsa contractor edward snowden and reported in a joint investigation by the "new york times," pro publica and the guardian. now, if your knowledge of the video game universe begins and ends with "frogger" don't worry. we will break it down for you. spencer ackerman, u.s. national security editor at the guardian joins me from new york. spencer, the guardian's calling this a hoarde of undercover orks. please break out the nerd to english/english to nerd dictionary and translate that for us. >> w
only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> welcome back to "the lead." i'm jake tapper. now turning to the national lead. it's kind of like the matrix except the agents are with the nsa and british intelligence and their targets are terror suspects. we learned today that government spies have reportedly been infiltrating the virtual worlds of online video games like "world of war craft" and "second life" to try and...
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the economy looks like it's getting better, john. we want to see this trend continue. are we turning a corner? and does that mean the stock market stops rallying? >> big decisive jobs report and no one covers it like you! stick around at 8:30 and she will tell you all about it. we will be right back. life could be hectic. as a working mom of two young boys angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help you hire right the first time. with honest reviews on over 720 local services. keeping up with these two is more than a full time job, and i don't have time for unreliable companies. angie's list definitely saves me time and money. for over 18 years we've helped people take care of the things that matter most. join today. suddenly you're a mouth breather. a mouth breather! how do you sleep like that? you dry up, your cold feels even worse. well, put on a breathe right strip and shut your mouth. cold medicines open your nose over time, but add a breathe right strip, and pow! it instant
the economy looks like it's getting better, john. we want to see this trend continue. are we turning a corner? and does that mean the stock market stops rallying? >> big decisive jobs report and no one covers it like you! stick around at 8:30 and she will tell you all about it. we will be right back. life could be hectic. as a working mom of two young boys angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help...
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you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the president was talking about income inequality and that is something you're going to be hearing this president talk a lot about during the remaining three years he has in office. he's going to be talking about it in the state of the union speech, for example. he ticked off a number of things he would like to see happen over the next several months. one is a hike in the minimum wage. right now it's $725. he would like to see that around $10. he would also like to see extension of unemployment benefits. both those measures republicans are very cool to right now and indicated they're not going to s
you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ we'd see that almost 100% of medical plastics are made from oil and natural gas. ♪ and an industry that supports almost 10 million american jobs. life takes energy. and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. because using energy responsibly has never been more impor
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line,...
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that the economy is improving, 39% believe the country is still in a downturn. and then when you break it apart by age. >> right. >> 34% of people under 50 say we're still headed in a downturn. 45% of people over 50 say we're headed in a downturn. let's start with you, amy. why are people not feeling these good numbers? and why are older americans feeling them worse? i mean, why is it a worse experience for them? >> the generational question is an interesting one, when you consider that young people have been having such a tough time finding jobs in an anemic job market for the past five years. but as to why so many americans feel like the economy is going in the wrong direction is because of five years of experience. now, while these numbers should make us cautiously optimistic, gdp growth was 3.6%, but that's still very slow. we've had one of the slowest, worst economic recoveries in american history, and i think people are really feeling that, and i think maria couldwell. the economic uncertainty, if you're 50, you're thinking about the retirement, what will
that the economy is improving, 39% believe the country is still in a downturn. and then when you break it apart by age. >> right. >> 34% of people under 50 say we're still headed in a downturn. 45% of people over 50 say we're headed in a downturn. let's start with you, amy. why are people not feeling these good numbers? and why are older americans feeling them worse? i mean, why is it a worse experience for them? >> the generational question is an interesting one, when you...
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it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a lot of truth to that. we haven't seen any new bad news and the economy recovers. >> all right. now i get you. thank you both so much. have a great weekend. >>> next, an american teacher gunned down in benghazi, libya. what was he doing? we'll talk to a close friend. then, what has everyone so worked but that the sound of music live? plus, a plane versus 50-mile-per-hour wind gusts. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we i
it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> your rights as a frequent flyer are on the line right now before the united states supreme court. this case is generating lots of buzz. the justices heard arguments today pitting the airline against a rabbi whose frequent flyer privileges were yanked because he was complaining too much. >> almost always complaints get resolved without the lawyers getting involved. it's been said that rabbi benjamin glinsburg spends more time in the air than on the ground. he was dumped from his frequent flyer program, why? because he complained too much. they said he was abusing the program to get extra perks. he says his complaints were all on the up and up. >> it wasn't an issue where the peanuts were too salty or that they served
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> your rights as a frequent flyer are on the line right now before the united states supreme court. this case is generating lots of buzz. the...
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gra♪y and more, (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. because what you don't know, can hurt you.urance. what if you didn't know that posting your travel plans online may attract burglars? [woman] off to hawaii! what if you didn't know that as the price of gold rises, so should the coverage on your jewelry? [prospector] ahh! what if you didn't know that kitty litter can help you out of a slippery situation? the more you know, the better you can plan for what's ahead. talk to farmers and get smarter about your insurance. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ >>> welcome back to "new day." we're learning more about what really is being described as a bizarre incident that left a student dead at a texas christian college. campus police now say the 23-year-old hit a police officer with his baton, forcing the officer to fire at him. but his friends, the students' friends, say the honor student would not do that. cnn's george howell has more. >> reporter: on the campus of
gra♪y and more, (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. because what you don't know, can hurt you.urance. what if you didn't know that posting your travel plans online may attract burglars? [woman] off to hawaii! what if you didn't know that as the price of gold rises, so should the coverage on your jewelry? [prospector] ahh! what if you didn't know that kitty litter can help you out of a slippery situation? the...
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it would provide a huge boost to the economy and a huge boost to walmart because they're the people who shop at walmart. >> i wish i could talk to you longer, but i'm out of time. thank you for joining me this morning. >>> and thank you for joining -- thank you for joining me. i'm carol costello. "legal view" with ashleigh banfield starts now. >> we now know that bronx kmun commute ter train was going 82 miles per hour as it headed towards a curve. may be soon we'll know why. could criminal charges be coming? >>> also this hour, a real life season opera unfolding inside a comic book empire. accusing the boss of bullying and filthy discrimination. >>> and also a lawsuit headed to new york's supreme court claiming that prisoners are being held under inhuman conditions and deserve to go free. and did we mention that the image on your screen is the prisoner of which we're speaking? chimpanzees. we'll explain that one in a moment as well. >>> hello, everyone. i'm ashleigh banfield. it's tuesday, december 3rd. >>> a little more than two days after the first deadly wreck on new york's metro-no
it would provide a huge boost to the economy and a huge boost to walmart because they're the people who shop at walmart. >> i wish i could talk to you longer, but i'm out of time. thank you for joining me this morning. >>> and thank you for joining -- thank you for joining me. i'm carol costello. "legal view" with ashleigh banfield starts now. >> we now know that bronx kmun commute ter train was going 82 miles per hour as it headed towards a curve. may be soon...
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>> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are to
>> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest...
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, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. >>> they say it's gone too far. now they want to put a stop to it, some of the nation's largest technology companies have signed an open letter asking the obama administration and congress to rein in government surveillance. for more, let's go out to san francisco. cnn's dan simon is standing by with the latest. why did these technolog
, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. at afraud could meanuld blower credit scores. and higher interest rates when you apply for a credit card. it's a problem waiting to happen. check your credit score, check your credit report at experian.com. >>> take a look at this moving tribute to nelson mandela "the new yorker" magazine. it's entitled madiba, mandela's tribal name. the artist says it's meant to represent the young mandela at a time when he was on trial. "time" magazine has a tribute cover that has three words to sum up mandela's life. protester, prisoner and peacemaker. joining us now on the phone is the democratic congressman from maryland, eli yeah cummings. congressman, thanks so much for joining us. what does nelson mandela mean to you? >> well, he is the similymbol o freedom for me. i'll never forget when he came in 2005 and was with members of the congressional black caucus. and he talked about when he stepped out of prison and how he had been imprisoned. and while he was comi
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. at afraud could meanuld blower credit scores. and higher interest rates when you apply for a credit card. it's a problem waiting to happen. check your credit score, check your credit report at experian.com. >>> take a look at this moving tribute to nelson mandela "the new yorker" magazine. it's entitled madiba, mandela's tribal name. the artist says...
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. >> good economy. >> a better economy. a lot of people say they don't feel it. a better than expected jobs report pushed the dow nearly 200 points higher on friday. >> you know why 203,000 jobs were added to payrolls in november. way better than expected. the jobless rate, that ticked significantly lower to 7%. that is the lowest it's been in five years. we have more on how it's affecting wall street. good morning, zain. >> well, poppy and victor, it was a big week for the economy. car sales rose, new home sales soared and friday, unemployment rate druopped to 7%. that's the lowest since 2008. earlier this year, unemployment declined a lot of people got discouraged and weren't counted. the economy has added more than 2 million jobs this year, the best since 2005 and the gains not just in low-rate sectors. a lot in education and health care, professional services like accountants and travel agents. and hiring in manufacturing is strongest since last year. wages are up and americans are working less hours. the list goes on. the report pushed the dow up 200 points
. >> good economy. >> a better economy. a lot of people say they don't feel it. a better than expected jobs report pushed the dow nearly 200 points higher on friday. >> you know why 203,000 jobs were added to payrolls in november. way better than expected. the jobless rate, that ticked significantly lower to 7%. that is the lowest it's been in five years. we have more on how it's affecting wall street. good morning, zain. >> well, poppy and victor, it was a big week for...
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economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country, from new york city to new orleans, to oakland, trying to pressure employers into paying a livable wage of $15 an hour. now they've got a powerful ally on their side, president obama. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off and are still living at or barely above poverty. that's why it's well past the time to raise a minimum wage. >> but t
economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country,...
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. >> you're causing them to become this part of perpetual unemployed group in our economy. while it seems good, it does a disselfto the people you're trying to help. >> uh, no. welcome to the real world, senator, where there are still three job applicants for every one job out there, cutting the lifeline for active job seekers there not magically create, but it will put -- cutting unemployment benefits? that is a five ho ho ho, newt gingrich. first, let me say i believe there are things we could do to dramatically improve the impact. to actually prepare people for getting to work and versus a better job in the future. but took in the crossfire, weapon hawaii's democratic
. >> you're causing them to become this part of perpetual unemployed group in our economy. while it seems good, it does a disselfto the people you're trying to help. >> uh, no. welcome to the real world, senator, where there are still three job applicants for every one job out there, cutting the lifeline for active job seekers there not magically create, but it will put -- cutting unemployment benefits? that is a five ho ho ho, newt gingrich. first, let me say i believe there are...
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. >> biden's trip was supposed to be about trade and the economy. now in fact it's all about the chinese military. vice president joe biden with one eye towards a possible 2016 bid is getting the chance to flex his international muscle power in asia. >> the united states has an interest in the lowering of tensions in this vital region. as i believe all the countries in northeast asia share that same interest with us. >> reporter: biden, in crisis manager mode, arrived in tokyo as the region confronts a power grab by beijing. china declared it now controls a vast portion of the air space over the east china sea and remote islands that both china and japan claim. biden will bluntly ask the chinese leaders their military intentions when he stops in china next. u.s. officials worry china's ultimate aim is a confrontation with japan. >> we, the united states, are deeply concerned. by the attempt to unilaterally change the status quo in the east china sea. this action has raised regional tensions and increased the risk of accidents and miscalculation. >>
. >> biden's trip was supposed to be about trade and the economy. now in fact it's all about the chinese military. vice president joe biden with one eye towards a possible 2016 bid is getting the chance to flex his international muscle power in asia. >> the united states has an interest in the lowering of tensions in this vital region. as i believe all the countries in northeast asia share that same interest with us. >> reporter: biden, in crisis manager mode, arrived in tokyo...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> we're bringing you the breaks news, or special breaking news coverage here in "the situation room" of the death of nelson mandela, the first black president of south africa. a nobel peace prizewinner, certainly a great inspiration for the entire world, as a champion of freedom, civil rights and democracy. the current president of south africa announced the death of the 95-year-old mandela, calling him the country's greatest son. >> our prayers are with the mandela family. to them we owe a debt of gratitude. they have sacrificed much, and endured much so that our people could be free. >> jacob zuma speaking only a little while ago, the president of south africa. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer here in washington. these are live pictures from outside the home of nelson mandela, outside johannesburg. the folks are gathering there, and they're paying their respects in the south africa traditio
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> we're bringing you the breaks news, or special breaking news coverage here in "the situation room" of the death of nelson mandela, the first black president of south africa. a nobel peace prizewinner, certainly a great inspiration for the entire world, as a champion of freedom, civil rights and democracy. the current president of south africa...
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the economy doing better, let's talk about housing. you say there's good news there. >> that's one very important part of your finance triangle. 3% home growth is what zillow was forecasting. mortgage rates moving up, 4.46%. that's not necessarily bad. why? it says the banks might start writing more loans next year. >> historically they're still very low. >> very low, absolutely. anything under 5% is still very low. >> good news. why is the stock market still stalling? >> that's interesting. five down days for stocks over the past week. your 401(k) is up double digits this year, no question. you've seen really good -- really good stock market gains this year. but as the economy starts to improve, the fed could start to pull back on that stimulus and that's one reason you're seeing the stock market start to question whether it can keep going. >> you've got good news all around, the jobs report coming out. they're optimistic it could be -- >> 183,000, probably. >> you're not sold on that. >> i'm not sold on that. you have low-wage jobs a
the economy doing better, let's talk about housing. you say there's good news there. >> that's one very important part of your finance triangle. 3% home growth is what zillow was forecasting. mortgage rates moving up, 4.46%. that's not necessarily bad. why? it says the banks might start writing more loans next year. >> historically they're still very low. >> very low, absolutely. anything under 5% is still very low. >> good news. why is the stock market still stalling?...
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so you can. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. prefer the taste of gevalia house blend over the taste of starbucks house blend? not that we like tooting our own horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com >>>s this just in to cnn the senate has confirmed patricia mullet to the u.s. court of appeals for the d.c. circuit. you might be saying so? well, she's the first presidential nominee to be confirmed under new senate rules pushed through by democrats that make it harder for republicans to filibuster presidential appointmen appointments. so there you have it. patricia mullet now a judge. >>> finally this morning, for the friends of one kentucky man it was a prank with a message all in the hopes of stopping him from drinking and driving. jeanne moos has more for you. >> reporter: who deserves a prank in fools you into believing you're waking up. >> oh, my gosh. >> reporter: from a ten-year long coma. >> my son was 2 years old when you came in her
so you can. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. prefer the taste of gevalia house blend over the taste of starbucks house blend? not that we like tooting our own horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com >>>s this just in to cnn the senate has confirmed patricia mullet to the u.s. court of appeals for the d.c. circuit. you might be saying so?...
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economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remember, we still haven't gained back all of the jobs we l
economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up...
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> welcome back to "new day" on this thursday. i want to bring you the latest on the latest headlines. a powerful arctic blast is set to deliver its next punch, a snow and ice storm expected to stretch from the southern plains to the ohio valley. more snow also falling in the rockies but at a bit of a slower pace and snow continues to fall in the upper midwest. in minnesota, the storm is being blamed for nearly 500 car crashes statewide on wednesday alone. >>> actor paul walker may have survived the initial impact of saturday's fatal crash, autopsy results suggest the "fast & furious" star died from a combinati
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> welcome back to...